Revision list for Year 11 Mock Exam Revision section Tick Know three ways a business can measure how successful they are 1.1 Know three benefits of a business selling products online 1.5 Benefits of changing products to meet customers needed 1.2 Know ways a business can conduct market research, be able to explain the advantages/disadvantages of those methods e.g customer research (focus groups and interviews), competitor research Know three benefits/ drawbacks of job production Know possible solutions to improve cash flow 1.3 Know the benefits of private limited company Know the benefits of using financial rewards and non-financial rewards to motivate employees 1.4

Revision list for Year 11 Mock Exam Revision section Tick Can name stakeholders of a business 2.1 Know ways a business can retain staff 2.4 Know problems for a business delayering staff Know what cost plus pricing is 2.2 Know the benefits of being a large business Know the benefits of using employee appraisals Benefits of stricter management and Total Quality Management 2.5

Reading the case study! Look for the following and underline them. HOW to use the Case Study SWK What is the business selling? Is it a manufacturer, retailer or maybe both?   Legal structure? ST,P,F,PLC,LTD Strengths Weaknesses Key Points (Objectives, future plans, decisions to be made) Refer back to it every question. The clues are in the case study!! 1-2 Minutes

2 Mark Questions State, List, Describe REVISION – KNOW ALL YOUR DEFINITIONS, ADVANTAGES AND DISADVANTAGES AND KEY FEATURES. 2 Minutes State two advantages of setting up as a private limited company? List two stakeholders to company X? Describe what a franchise is? On a describe question you want two points E.G A franchise is where a business is allowed to use another business name, logo and products. (1) The Franchise will receive support and training from the business (2)

4-6 Marks …..Explain, Describe 4-6 Minutes 4-6 Marks …..Explain, Describe You need to use the case study here!!! Typical Questions Explain the benefit of using a business plan for Company X Describe two ways Company X could promote itself? Explain the two problems with Company X using Flow Production? STATE an advantage/disadvantage of the option from the case….. LINK to the case The case says this They are currently doing this They have experience in…. This will help this business as it is looking to do X This maybe a problem because this business has done this in the past They need to rectify this problem IMPACT Will affect profits, motivation etc, RCP (Revenue, costs or profit) This will help gain more customers for their target market….

9 Mark Answer – Recommend, Justify……. Does it have one or two options? Advantages of each option 5 MARKS EVALUATION DECISION……I think they should choose option 1 or I think they should… Advantages and Disadvantages of the one option 4 MARKS (ANALYSIS) This will help them reach the OBJECTIVE of…… STATE an advantage/disadvantage of the option from the case….. WHY have you chosen this? Prioritise/ Rank Counter argue- say why you haven’t chosen the other option Its really important for this business because currently….. LINK to the case The case says this They are currently doing this They have experience in…. This will help this business as it is looking to do X This maybe a problem because this business has done this in the past They need to rectify this problem REPEAT For each advantage IT DEPENDS ON: The option would depend on cost The option would depend market research The option would depend on customer response…..RECOMMEND IMPACT Will affect profits, motivation etc Will affect the business in the short term/ long term because……. SHORT TERM LONG TERM In the short term it might be costly but be better in the long run because…